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Dec 6, 2013 10:00am EST
joe biden, who is traveling in asia this week, urged japan and china to set up crisis management mitigation. >> lands and has been called the jewel in sears crown, but it has been a hidden one. buried deep inside the retailing mess that lost $1.6 billion last year. and searsfund manager ceo adam lambert is giving the crown jewels away. lampert, julie, he had to disclose the numbers. >> not so much of a jewel. that can be used to describe sears, but landon is not -- is worse than it might be thought. overall, going back to 2008 compared to 2012, a little bit of a decline. from $1.66 billion in 2008 to $1.09 billion last year. not too bad. but if you look at the net income, or even dock, the insured gets a lot worse. --ebitda, the picture gets a lot worse. a bloomberg industries retail analyst says it likely has to do with promotion in, something we have seen. >> too much promotion in? >> too much. the interesting thing about this spinoff is that they would spin off these businesses to get some cash and help liquidity. they are not getting cash. >> because these businesses are not
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